Daily Business Headlines – JULY 28 2023

BUSINESSPOST

Cadbury, FBN Holdings, Others Pull Back NGX Index By 0.31%

The Nigerian Exchange (NGX) Limited witnessed a pullback of 0.31 per cent on Thursday, with the All-Share Index (ASI) going down by 204.25 points to 65,482.91 points from 65,687.16 points. This was because investors went on a selling spree as a result of disappointing half-year earnings of Cadbury Nigeria, Nigerian Breweries… Read More

SUN

30,000 Skilled Nigerians Working With Expatriates To Build Refinery Complex-Dangote

Management of Dangote Refinery has debunked a report published on the online platforms of some media organisations that the company employed 11,000 skilled workers from India while allegedly neglecting youths from Nigeria and other African countries. In his response to allegation, the Group Chief Branding & Communications Officer… Read More

PUNCH

CAC To Delist 100,000 Companies From Database

The Corporate Affairs Commission has said it will remove 100,000 registered companies from its database soon. During a training on ‘Use of the beneficial ownership register’, in Lagos, the Registrar-General and Chief Executive Officer, CAC, Alhaji Garba Abubakar, disclosed the commission’s intention to delete 100,000 registered… Read More

VANGUARD

AFCFTA: Why Nigeria’s Missing, As 8 Countries Commence Guided Trade

Nigeria’s absence from the from the first batch of participating countries under the Guided Trade Initiative (GTI) of the Africa Continental Free Trade Area (AfCFTA) has been attributed to failure to meet the minimum requirements for trade under the agreement. The requirements include submission of a Schedule of Tariff Concessions… Read More

ECONOMY HEADLINES

SUN

Customs, FRSC Begin Database Integration To Boost National Security, Revenue

As  part of efforts towards deepening national security and boosting revenue generation the Nigeria Customs Service (NCS) and the Federal Road Safety Commission (FRSC) have agreed to an  intelligence and data sharing arrangement. The two agencies have commenced an intensive database integration arrangement sealed during… Read More

VANGUARD

Economy: Stakeholders Task Govt On Insecurity, Youth Inclusiveness

Stakeholders in both private and public sectors have emphasized the need for government to tackle the insecurity, infrastructure gap, youth exclusiveness among other impediments in order to boost the economy. The stakeholders, who converged at an event organized by Africa Soft Power, in Lagos, in collaboration with the Ford Foundation… Read More

PUNCH

Nigeria, Russia Pledge Closer Ties

President Vladimir Putin of Russia on Thursday pledged closer ties with Nigeria and other African countries, assuring leaders in the continent that the European country was ready to partner African states to develop their energy, Information Communication, education and health sectors, among others. This came as Vice President Kashim Shettima… Read More

POLITICAL HEADLIINES

THECABLE

Abbas Names Chairs Of Standing Committees — Faleke, Bichi Make List

Tajudeen Abbas, speaker of the house of representatives, has announced the name of lawmakers who will chair 134 standing committees in the green chamber.Abbas unveiled the names of the committees’ chairpersons and their deputies on the floor of the house on Thursday. The composition of the panels is in line with house standing rules… Read More

VANGUARD

11 States To Wait As Tinubu Sends 28 Nominees To Senate For Confirmation

Eleven states of the federation will have to wait as President Bola Tinubu forwarded a list of 28 ministerial nominees through his Chief of Staff, Femi Gbajabiamila to the Senate for screening and confirmation, yesterday. The constitution requires that at least a minister comes from each of the country’s 36 states and the Federal Capital Territory… Read More

TECHNOLOGY HEADLINES

GUARDIAN

NCC Asks Industries To Leverage AI, Machine Learning For Growth

The Nigerian Communications Commission (NCC) said Artificial Intelligence (AI) and Machine Learning (ML) have the potential to revolutionise industries. The Executive Vice Chairman of NCC, Prof. Umar Danbatta, made the remark during two-day 2023 ICTEL Expo organised by Lagos Chamber of Commerce and Industry (LCCI) in Lagos… Read More